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KQED (PBS) 28
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Search Results 0 to 49 of about 76 (some duplicates have been removed)
PBS
Nov 8, 2012 1:00am PST
investors believe president obama's tax policies will hurt corporate profits. on top of that there's the likelihood of more regulation in the president's second term. those concerns were evident in selling today of energy, banking and healthcare stocks. a quick look at the price board at the new york stock exchange is a good barometer for the worrywarts out there. wall street veteran teddy weissberg says many investors are just plain upset. >> there was an expectation that we would have some change and a change in the policies. and, i think with obama getting re-elected there are a lot of folks that are not happy, and we're kind of seeing that in the stock market. >> reporter: but, others say it's not just the disappointment of romney's loss, it's that the fiscal cliff now looms large on wall street. >> i think the big issue right now is the fiscal cliff, now that the election is behind us everyone is really focusing on what's going to happen at the end of this year, and of course if nothing's done by the end of the year that may very well mean a recession as early as next year. >> repor
PBS
Nov 6, 2012 6:30pm PST
obama r romney are in a tight race. ultimately, voters in a few key states will have the final say on who wins the white house. florida is one of tho important battleground states. tom is in miami with more. tom. >> tom: susie, florida is the biggest swing state ize with the most electoral votes up for grabs.iz the economy, healthcare and immigration all are on display here with florida's diverse and growing population. voters in south florida today packed their umbrellas for the hot sun, and tience in some precincts. it's been a tight race in the sunshine state. compared to four years ago, it was a harder time deciding whom to vote for, for her. >> thisti time it came to the nitty gritty, they were fighting about real things, jobs, health car and i think they bo c have very good points. >> reporter: for her the decision came down to health medical insurance coverage, supporting president ama's effort to reform the industry. but natalie felt differently. >> there's a lot of changes in health care that really are not going to benefit our samiors, and especially with the influx ofio alz
PBS
Nov 13, 2012 4:30pm PST
meeting on friday between president obama and congressional leaders. they will be talking about ways to solve the so-called "fiscal cliff" dilemma. investors appear cautious about making any big moves until they know whether the cliff will trigger increases in capital gains and dividend taxes. the dow fell almost 59 points, the nasdaq lost 20, and the s&p was down five. meanwhile, in washington, congress returned to work for the first time since september. lawmakers face a long "to-do list," and getting a deal on that fiscal cliff is right at the top. darren gersh reports. >> reporter: it was freshman welcome day in washington. senate republican leader mitch mcconnell lost ground in the election, but he posed for the cameras with the three new senators who will be joining his side of the aisle in january. in the house, minority leader nancy pelosi beamed as she presented the new faces adding to democratic ranks in the coming congress. given what awaits these new lawmakers in january, you might wonder why they want the job. it's still not clear whether a lame duck session of congress
PBS
Nov 20, 2012 6:30pm PST
given that the polls were leaning towards obama, we had taken a defensive stance already. we had gone slightly underweight equities, and added more things like high-yield mortgage debt, emerging market debt, and mortgage-backed securities, that will yield as much as capital appreciation, and investments that have lower volatility than the stock market. so we have an overweight there. those investments i just spoke about, that's about 24% of our portfolio right now, and that's definitely helped us get through the last few weeks without giving up much of our gains. >> susie: tell us a little bit about -- well, you are on the buying side with equities, what are you buying? are you in u.s. stocks? international stocks? what is the mix? >> sure. one of the interesting things i think over the last few months, and maybe this isn't putting it very elegantly, but i like to think about it as revenge of the global investor. for all of 2011, and the start of 2012, we saw the s&p as one of the world's leading stock markets. and a lot of investors said, why don't i just own u.s. stocks and why
PBS
Nov 5, 2012 7:00pm EST
, corpina doesn't think the re- election of president obama will trigger a selloff. more likely he would expect to see status quo for stocks. >> i think people have bought into the fact that the market is going to take a long time to recover, our economy is going to take a long time to recover and the market has seemed to stay on the track so to speak. >> reporter: of course there is also the possibility however remote, that it might take days before we know who will occupy the oval office. that's a scary flash back to the hanging chad debacle of the 2000 election. >> i think the odds are against it. i shudder to think. but, you remember how bad it was back in 2000. it was crazy, it drove people crazy, it drove the market crazy. i don't think that happens. i think one of these guys wins handily. >> reporter: and, then there are those who believe the stock market will rally no matter who wins tomorrow. that's because at least some uncertainty will finally be removed from the market. suzanne pratt, "n.b.r.," new york. >> susie: joining us now for more on the markets and the election: jeff
PBS
Nov 2, 2012 7:00pm EDT
where it was when obama was sworn in. now the obama administration is pointing out they created more than five million jobs since the president took office in the private sector, that is. and also, if you look at the first full month the president was in office the unemployment rate was 8.3%. now it's 7.9. >> tom: instead of arguing about the data, what about the demographics here? because polls, obviously, show this is an extremely close race going into tuesday. so what about the key voting demographics in this jobs report? >> reporter: you know, one little nugget that i thought was very interesting, the unemployment rate for white men has fall tone 6.6% and about a year ago it was 7.8%. that is a key voting demographic, but interestingly enough, even though the unemployment rate is coming down, that demographic is going as much as two to one for romney. you know, sometimes demographic information and the unemployment information doesn't always sync up. >> tom: timing is everything in terms of synching up for whoever wins next week and what party is in control of alcohol because the
PBS
Nov 16, 2012 7:00pm PST
far so good on the fiscal cliff. president obama and congressional leaders got off to a good start in their first round of negotiations. the president met with congressional leaders who emerged later to say they want to move quickly to prevent automatic spending cuts and tax increases from tanking the economy at the first of the year. but as darren gersh reports, what we are not yet clear about is whether either side is willing to give up enough to get the job done. >> reporter: in washington, they think carefully about the pictures they want to present to the public so this mattered. all four congressional leaders-- democrats and republicans-- after meeting with the president chose to face the cameras together. that hardly ever happens and it reflects the new post-election mood of cooperation. house speaker john boehner called the meeting very constructive. >> i outlined a framework that deals with reforming our tax code and reforming our spending. and i believe the framework that i've outlined in our meeting today is consistent with the president's call for a fair and balanced ap
PBS
Nov 28, 2012 6:30pm PST
business leaders in washington today to persuade president obama and congress to avoid the fiscal cliff. with just 33 days left to nail down a deal, c.e.o.s made the rounds to explain to lawmakers that because of cliff gridlock, they're holding back on hiring and spending. as darren gersh reports, c.e.o.s weren't the only ones campaigning hard today. >> reporter: the president and republicans focused today on staging events designed to pressure the other side. the president called on americans to tweet, facebook and call members of congress to tell them to pass tax cuts for everyone making less that $250,000 a year. >> 97% of small businesses would not see their income tax go up by a single dime. even the wealthiest americans would still get a tax cut on the first $250,000 of their income. >> reporter: the speaker dismissed a call from a fellow republican to give the president what he wants, saying it's not good economics to raise tax rates on small businesses. >> going over the fiscal cliff will hurt our economy and hurt job creation in our country. this is not good for our country. it
PBS
Nov 14, 2012 7:00pm EST
>> this is n.b.r. >> tom: good evening. i'm tom hudson. president obama says he's open to new ideas, on raising government revenues, but eliminating tax deductions for the rich doesn't go far enough. >> susie: i'm susie gharib. stocks slide to four-month lows, on worries that a fiscal cliff deal is a still a long way off. >> tom: and with a national health care insurance overhaul underway, a company's share of health insurance has risen at its smallest pace in a decade. >> susie: that and more tonight on "n.b.r."! >> tom: with 47 days left for president obama and congress to agree on avoiding a combination of higher taxes and government spending cuts, the president today said he won't extend tax cuts for people who don't need them. that hard line came during a white house press conference just as a negotiations with republican leaders get underway to avoid the fiscal cliff. as darren gersh reports from washington, even before republicans and democrats sit down to talk on friday, both sides are laying down markers. >> reporter: just two days before he meets with congressional leaders
PBS
Nov 15, 2012 7:00pm PST
"market focus." >> susie: tomorrow is a big deadline for president obama's health care insurance reform. it's the day states across the country must decide if they will be setting up their own health insurance exchanges, or if they will opt out and let the government do it for them. sylvia hall takes a look at the exchanges, how they'll work, and how they will impact the way americans pay for care. >> reporter: the idea behind state health insurance exchanges is pretty simple-- the uninsured will have a central place to shop for health insurance. all plans will meet minimum coverage requirements and no one is turned down. in exchange, health insurance companies get more healthy customers, costing them less, because virtually everyone is required to buy health insurance. for those who can't afford it, the federal government provides subsidies. >> it's a little bit of a grand bargain that's been struck with the insurance industry-- you stop doing some of that cherry- picking behavior that's been so problematic, and in return, we'll guarantee you that there will be a steady stream of custo
PBS
Nov 8, 2012 4:30pm PST
focused on since the mortgage in the housing bust, and the banking collapse. with president obama being re-elected and status quo in terms of the balance of power on capitol hill, what can we expect in terms of banking regulations going forward? >> clearly more regulations. banks are going to have to be stronger. they're going to have to come up with these plans, what happens if they get into trouble. but much more regulation across-the-board. >> tom: what does it mean for shareholders? >> shareholders are being to have some issues with financial stocks. clearly because these additional kline's costs are going to mean greater costs overall to the banks and not as much profit. so the stronger banks will get in the different areas but so many of the weaker banks will have to be merged out. >> tom: another big voice for banking regulations will now be in the united states senate, this is elizabeth warren. she was elected as a democrat from massachusetts for the u.s. senate on election day. sheas got quite the resume as chair of the tarp oversight committee and a special advertiser, was a spec
PBS
Nov 9, 2012 7:00pm PST
obama and house speaker boehner both say they're open to new ideas, wall streeters remain cautious about the fiscal cliff. meridien equity partners' joe greco says the market doesn't expect it to be resolved this year. >> i think we're going to see a push pull back and forth and we're probably not going to see much compromise until mid to late january. if we don't get things in order by february that's when things can start to get ugly for the markets. >> reporter: with so much short- term risks, greco says retail investors are sitting on the sidelines until congress and the president reach consensus on the fiscal cliff. he says today's buyers were mostly institutional investors. >> you're going to see the bulk of volume just sit it out. because that has been what's worked in the past. if you have a position already it's probably a longer range view in which case no reason to mess around with it in the intermediary push pull. >> reporter: greco says the cliff isn't the market's only challenge. there's still europe's debt crisis and here at home. a long way to go on both the job and
PBS
Nov 26, 2012 7:00pm PST
time. the obama administration's economists estimate consumers would spend about $200 billion less next year than they would have otherwise. congress and the administration have only a few more weeks to nail down a deal. but that deal will have to address some tough issues, including entitlement reform. darren gersh explains. >> reporter: the big money in entitlements is in health care, and that means any grand bargain to avoid the fiscal cliff will slice away at one of the nation's most popular programs. >> medicare is clearly in the gunsights. >> reporter: it's possible congress and the president could agree to save $300 to $400 billion from medicare by cutting fees for doctors and hospitals. but analysts worry slashing payments won't make the health care system more efficient. >> this is not really a way to structurally change medicare and if you don't change the underlying incentives, you don't get long-term savings. >> reporter: progressives at the center for american progress say the government could save close to $150 billion by squeezing the prices the government pays for d
PBS
Nov 15, 2012 1:00am PST
: that and more tonight on "n.b.r."! >> tom: with 47 days left for president obama and congress to agree on avoiding a combination of higher taxes and government spending cuts, the president today said he won't extend tax cuts for people who don't need them. that hard line came during a white house press conference just as a negotiations with republican leaders get underway to avoid the fiscal cliff. as darren gersh reports from washington, even before republicans and democrats sit down to talk on friday, both sides are laying down markers. >> reporter: just two days before he meets with congressional leaders, the president took a tougher tone on budget talks. in his news conference, he pushed hard for an immediate extension of tax cuts for everyone making less than $250,000 a year. >> and by the way, that means every american, including the wealthiest americans get a tax cut. it means that 98% of all americans, and 97% of all small businesses won't see their taxes go up a single dime. the senate has already passed a law like this. democrats in the house are ready to pass a law lik
PBS
Nov 24, 2012 1:00am PST
takes a look. >> reporter: during the campaign season, president obama visited college campuses, with a big goal. he wants to cut the growth of tuition prices in half over the next decade. to do it, he'll have to curb a steady upward trend that spans over several decades. just this year, in-state tuition for public colleges is up by almost 5%. for two-year colleges, in-state tuition jumped almost 6%. the average sticker price for private colleges this year is up by about 4% from last year. the president has proposed controlling tuition growth by expanding a few federal programs like some student loans and work study programs, but reducingog those funds for colleges and universities that raise tuition too much and too fast. >> right now the federal government, just this past year, gave out $187 billion in federal financial aid and for the most part that was without strings attached to it and the president s proposing to take a small percentage of those dollars and try to leverage them to go to schools that provide good value for students. >> reporter: but this proposal wouldn't affect
PBS
Nov 19, 2012 6:30pm PST
, continuing the momentum from friday after that white house meeting between president obama, and congressional leaders. stocks rallied right from the opening bell: the dow surged 207 points, the nasdaq jumped nearly 63, and the s&p 500 rose 27. >> tom: those hopes about a fiscal cliff deal may be good enough for stock traders today, but is the economy in a position to deal with whatever solution politicians may hammer out? it's expected that the fiscal fix will involve tax hikes of some sort, and spending cuts as well. we spoke with economist dean baker from the center for economic and policy research, and economist douglas holtz- eakin of the american action forum. "n.b.r.'s" washington bureau chief darren gersh began the discussion by asking baker what tighter federal policy will mean for the economy in the coming year. >> insofar as we get austerity, we get tax increases, spending cuts, that's going to slow the economy. i anticipate a deal so we are don't see the full, you know, $500 billion tax increases 100 billion spending cuts but whatever we do see in tax increases, spend
Search Results 0 to 49 of about 76 (some duplicates have been removed)